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Hongfa Technology's Attributable Profit Jumps 18% in Q1

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-- Hongfa Technology's (SHA:600885) attributable profit rose 18% to 484.3 million yuan in the first quarter from 411.1 million yuan in the year-ago period, according to a Thursday filing with the Shanghai bourse.

Earnings per share at the electrical equipment manufacturer increased to 0.3129 yuan from 0.2808 yuan, after adjustments, in the prior-year period.

Operating revenue grew 28% year over year to 5.11 billion yuan from 3.98 billion yuan.

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